Dischargeable Debts And Non-Dischargeable Debts

Dischargeable Debts
A court can decide whether debts can be written off or ‘discharged’ in bankruptcy proceedings or in an Individual Voluntary Arrangement (IVA).

Dischargeable Debts include:

• Utility bills
  
• Back rent
  
• Some CCJs
  
• Credit card debts
  
• Loans from family and friends
  
• Newspaper and magazine subscriptions
  
• Legal, Medical and Accounting bills
  
• Most unsecured loans where there is no collateral

Non-dischargeable Debts
The Government has set out that some debts are non-dischargeable. These include:

• Fines and penalties
  
• Secured debts/loans
  
• Last minute debts (where a soon-to-be bankrupt person racks up credit with no intention of paying it back)
  
• CSA claims for child support and other family/domestic legal liabilities
  
• Liabilities under a confiscation order made under S.1 of the Drug Trafficking Act 1986 0r S.71 of the Criminal Justice Act 1988
  
• Most educational loans which fall outside of the Insolvency Act 1986.

Debt Solutions: IVAs
Debt Solutions: IVAs: Debt IVAs
Debt Solutions: IVAs: Individual Insolvency Register
Debt Solutions: IVAs: IVA Procedure
Debt Solutions: IVAs: Debts And Non Dischargeable Debts

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